Barre School Board Presentations May 2017 Our Current Plan Benefits and Out of Pocket Costs Our Current Plan Premium and Cost Share Annual Premium Cost and Cost Share for FY17 VEHI VHP Plan Tier VE ID: 842380
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1 VEHI Health Plan Barre School Board Pres
VEHI Health Plan Barre School Board Presentations May, 2017 Our Current Plan Benefits and Out of Pocket Costs Our Current Plan Premium and Cost Share Annual Premium Cost and Cost Share for FY17 VEHI VHP Plan Tier VEHI VHP Total ER Share (80%) EE Share (20%) Single $ 9,028.92 $ 7,223.14 $ 1,805.78 Two - Person $ 17,747.88 $ 14,198.30 $ 3,549.58 Parent - Children Family $ 23,791.92 $ 19,033.54 $ 4,758.38 VEHI states historical Out of Pocket Costs at approximately $400 per enrol
2 led plan member The FY18 Plan Benefits a
led plan member The FY18 Plan Benefits and Out of Pocket Costs The FY18 Plan Premium Costs Annual Premium Cost for FY18 VEHI Plan Options FY17 (FOR REFERENCE) Tier Platinum Gold Gold CDHP Silver CDHP VEHI VHP Total Single $ 7,890.60 $ 7,475.28 $ 6,279.48 $ 5,476.08 $ 9,028.92 Two - Person $ 15,781.20 $ 14,950.56 $ 11,793.00 $ 10,952.28 $ 17,747.88 Parent - Children $ 13,194.12 $ 12,510.36 $ 9,708.24 $ 9,231.24 Family $ 22,322.28 $ 21,166.56 $
3 17,394.12 $ 15,583.20 $ 23,791.92 N
17,394.12 $ 15,583.20 $ 23,791.92 New Health Plans Cost Overview VEHI Platinum Cost Share VEHI Gold Cost Share VEHI Gold CDHP Cost Share (aggregate) VEHI Silver CDHP Cost Share Single Maximum Out - of - Pocket Exposure $ 2,800 $ 3,100 $ 2,500 $ 4,000 Annual Single Plan Rate $ 7,886 $ 7,475 $ 6,279 $ 5,476 Combined Total Exposure $ 10,686 $ 10,575 $
4 8,779 $ 9
8,779 $ 9,476 Two Person (Two Adults) Maximum Out - of - Pocket Exposure $ 5,600 $ 6,200 $ 5,000 $ 8,000 Annual Two Person Plan Rate $ 15,781 $ 14,951 $ 11,793 $ 10,952 Combined Total Exposure $ 21,381 $ 21,151 $ 16,793 $ 18,952 Parent/Child( ren ) Maximum Out - of - Pocket Exposure $ 5,600 $
5 6,200 $ 5,000
6,200 $ 5,000 $ 8,000 Annual Parent/Child(ren) Plan Rate $ 13,194 $ 12,510 $ 9,708 $ 9,231 Combined Total Exposure $ 18,794 $ 18,710 $ 14,708 $ 17,231 Family Maximum Out - of - Pocket Exposure $ 5,600 $ 6,200 $ 5,000 $ 8,000 Annual Family Plan Rate $ 22,322 $ 21,161 $
6 17,394 $ 15,583
17,394 $ 15,583 Combined Total Exposure $ 27,922 $ 27,361 $ 22,394 $ 23,583 How Total Costs Compare for New Plan Options Potential Premium Savings for a 20% EE Contribution Tier FY17 VHP EE (20%) FY18 Gold CDHP EE (20%) Potential Premium EE Savings Single $ 1,805.78 $ 1,255.90 $ 549.89 Two - Person $ 3,549.58 $ 2,358.60 $ 1,190.98 Two - Person to Parent - Children $ 3,549.58 $ 1,941
7 .65 $ 1,607.93 Family $ 4,758.38
.65 $ 1,607.93 Family $ 4,758.38 $ 3,478.82 $ 1,279.56 Family to Parent - Children $ 4,758.38 $ 1,941.65 $ 2,816.74 This assumes Board pays 80% of Gold CDHP Premium & Employee Pays 20% Potential Premium Savings for FY18 Plan Options “Break - Even” EE Out of Pocket Contribution for FY18 Plan Options Potential EE "Break - Even" Contribution Toward Out of Pocket Maximum Tier FY18 CDHP Gold OOPM Potential Premium EE Savings Current Average OOP EE Contribution "Break - Even" EE OOP
8 Contribution Single $ 2,500.00 $
Contribution Single $ 2,500.00 $ 549.89 $ 400.00 $ 949.89 Two - Person $ 5,000.00 $ 1,190.98 $ 800.00 $ 1,990.98 Two - Person to Parent - Children $ 5,000.00 $ 1,607.93 $ 800.00 $ 2,407.93 Family $ 5,000.00 $ 1,279.56 $ 1,600.00 $ 2,879.56 Family to Parent - Children $ 5,000.00 $ 2,816.74 $ 1,600.00 $ 4,416.74 Assume Current Average OOP Contribution is $400 per member (per VEHI data) Average Family Size is 4 (per VEHI da